News
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Can FightNight meme coin outperform Shiba Inu, Pepe Coin, and others?
- June 24, 2024
- Posted by: [email protected]
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No CommentsFightNight (FNIO), a new Ethereum-based memecoin, is making waves in the cryptocurrency market. FightNight, a new digital currency that launched on June 3rd, 2024, blends boxing and gaming. It has a very catchy storyline, making it gain popularity in the world of crypto and meme coins. FightNight coin appeals to the public as it is inspired
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Altcoins bleed as Bitcoin drops below $62,000 due to cryptocurrency market downturn
- June 24, 2024
- Posted by: [email protected]
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Bitcoin and other popular cryptocurrencies, including Ethereum, Ripple, Dogecoin, and XRP, among others, saw a severe collapse as of June 24th, 2024, with the BTC price declining steadily over the previous two weeks. The whole bitcoin market capitalization has been reduced by about 2%. And the future does not look promising; analysts believe the BTC
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Bitcoin reclaims blockchain dominance after BTC halving event
- June 24, 2024
- Posted by: [email protected]
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The Bitcoin halving is a programmed event that occurs every four years. The Bitcoin halving slashes the reward for miners who successfully validate transactions and adds new blocks to the blockchain. The block rewards were reduced by 50%. This reduction is intended to reduce the supply of the digital currency, thus increasing its value, provided that
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50 Cent disclaims affiliation with GUNIT memecoin scam
- June 24, 2024
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Popular American rapper 50 Cent took to his Instagram handle to announce that hackers recently overtook his X account and his official website. After briefly losing control of his X account, the hackers successfully attracted investors into a pump-and-dump scheme, carting away funds worth several millions of dollars. The hackers leveraged the rapper’s significant social
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Asset managers revise proposals for Ether ETFs and set competitive fees
- June 23, 2024
- Posted by: [email protected]
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Several leading asset managers have submitted revised proposals for Ethereum exchange-traded funds (ETFs) to the United States Securities and Exchange Commission (SEC). These updates from VanEck, BlackRock, Grayscale, Invesco Galaxy Digital, and Fidelity aim to provide detailed information on their respective Ethereum funds. Bloomberg analyst Eric Balchunas highlighted these developments in a recent post on
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Bitcoin (BTC) drops to one-month low as US-spot Bitcoin ETFs experience net outflows
- June 23, 2024
- Posted by: [email protected]
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Bitcoin’s price prediction has garnered significant attention as BTC recently dropped to its lowest level in a month, currently trading at $64,295. This decline is primarily attributed to substantial net outflows from US spot Bitcoin ETFs, which have amounted to $139.88 million, exerting considerable downward pressure on BTC prices. US spot Bitcoin ETFs have experienced
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Binance integrates Tether (USDT) on Toncoin network
- June 22, 2024
- Posted by: [email protected]
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Binance, a leading cryptocurrency exchange, has announced the integration of Tether (USDT) on the Toncoin Network. This new feature allows users to deposit and withdraw USDT using the Toncoin Network, marking a significant step in Binance’s efforts to expand its multi-chain capabilities. This integration provides users with increased flexibility and more options for their transactions,
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Bitcoin ETFs see continuous outflows as Grayscale and Fidelity record major withdrawals
- June 21, 2024
- Posted by: [email protected]
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Bitcoin spot exchange-traded funds (ETFs) in the US experienced net outflows totaling nearly $140 million, according to recent data. This trend marks the fifth consecutive day of substantial outflows from Bitcoin ETFs, initially reported by Wu Blockchain. Grayscale’s GBTC ETF recorded a significant single-day outflow of $53.1 million, while BlackRock’s IBIT ETF saw a single-day
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Stablecoins will account for 10% of global economy next decade predicts Circle CEO
- June 20, 2024
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Jeremy Allaire, CEO of stablecoin issuer Circle, envisions a transformative future where stablecoins will account for 10% of the global economy within the next decade. In a recent social media post, Allaire shared his optimistic perspective on the rapidly evolving cryptocurrency market, emphasizing the increasing acceptance and integration of stablecoins into the global financial system.
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Bitcoin miner holdings drop to 14-year low of 1.90 million BTC
- June 20, 2024
- Posted by: [email protected]
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Bitcoin miner reserves have dropped to 1.90 million BTC as of June 19, 2024, marking their lowest level since February 2010. This significant decline underscores a trend where miners are holding less Bitcoin on their balance sheets. Despite the reduction in reserves, the fiat value of these holdings remains near an all-time high, at approximately